How buyer's agents get paid (and what the NAR Settlement means for you)

[@guineapigzed]

It sure opened my eyes. You lot have had the fix in all along. I my never use a realtor again. You made me pay for opposing consul. The person screwing me down on price, was being paid by me.

[@OutstandingOhio]

The good news is now the buyer and seller agent commissions are going to be negotiated separately so there is more transparency and you have control over your own representation and the ability to negotiate with them on their commission.

[@shutupsugarfly]

Do you think buyers will deal directly with sellers agent, I m looking now to buy now, and this is what I’m thinking.

[@OutstandingOhio]

I'm worried that buyers are going to think that dealing directly with the seller's agent is their best strategy. Here's why I would strongly discourage it... If you go directly to the listing agent, you need to understand that you will not be represented in the transaction. That means you will have no one advocating or negotiating for you and making sure your interests are protected. They can't even give you advice. They can't help you write a competitive offer to win in multiple offer situations. They can't advise you on how to negotiate through an inspection or appraisal issue. Etc. We won't know for sure until these new rules take effect and the market adjusts, but I believe the buyer's agent commission is still going to get paid through the transaction. Most buyers are likely going to ask for the seller to pay the commission as part of their offer. So I wouldn't avoid getting your own representation because you think you can't afford it. Your agent can work with you to negotiate to have the seller pay it as part of your offer. I hope that helps. I did another video on why you should use a buyer's agent that you can check out. If you're looking to buy in NE Ohio, I'd love to do a buyer consultation with you to review the market and the process and discuss this further. 330-227-4355

[@daralynx2]

I'm just glad BAs no longer completelty lie telling buyers their services are free. Baby steps I guess.